Fetch.ai, Ocean Protocol agree on return of $120M in FET tokens to avoid legal battle

💡 DMK Insight

FET’s staggering 93% drop post-merger raises serious questions about market sentiment and future viability. The collapse isn’t tied to Ocean Protocol, which suggests internal issues or broader market trends are at play. Traders should consider the implications of such a drastic decline—this could signal a loss of confidence in the project or a broader sell-off in related assets. With the crypto market still reeling from regulatory pressures and macroeconomic factors, FET’s price action could be a leading indicator of further volatility. Watch for any recovery attempts; if it fails to reclaim recent support levels, it might trigger further selling pressure. Keep an eye on the daily charts for potential reversal patterns or continued downtrends, as this could impact other AI-related tokens as well. Here’s the thing: while some might see this as a buying opportunity, the risk of further declines is significant. Monitor trading volumes closely; a lack of interest could mean the worst isn’t over yet.